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For each of the following, indicate the applicable accounting and review service engagements (each item may relate to more than one type of engagement). Use
For each of the following, indicate the applicable accounting and review service engagements (each item may relate to more than one type of engagement). Use R for review engagements, C" for compilation engagements, P" for preparation engagements, and N" for none. 1. Accountants obtain engagement letter from client. 2. Some level of substantive tests are performed. 3 Accountants issue a report related to the engagement. 4 Conducted under Statements on Standards for Accounting and Review Services 5. Accountants required to obtain written representations from client. 6. Accountants required to perform some procedures with respect to internal control over financial reporting. 7. Engagement requires accountants to be independent with respect to the client. 8. Use of accountants' report is limited to specified users. 9. Accountants provide limited assurance with respect to fairness of the financial statements. 10. Accountants obtain knowledge and understanding of client's financial reporting framework
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